FHA loan applicants should compare rates and terms with competing lenders to try to get the most favorable terms on the loan or refinance loan. Down payment rules for FHA loans require a minimum 3.5% down compared to up to 20% for conventional loans.
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I am desperately in need of a lenient lender to underwrite 90k loan. FHA will not look at me because of my unique situation. have a home & score Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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· ”Properties with FHA financing must be habitable manufactured and mobile homes do not qualify. Also, when living in one unit and renting out another, make sure to do your due diligence on your renters, require a recent credit report, check references, and have a real estate attorney review your lease agreements.”
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